The NQ one hour time frame is in an up trend.
The market is making higher highs and higher
lows. The market is in the buy zone and has an
up Fibonacci with an extension price point
14924.25 about +805 ticks above the market.
The market just hit the old Fibonacci extension
and I am expecting the market to pull back bearish
to a low price near a known level of U-turn.
Entry: Counter trend line break bullish in the
buy zone near a known level of U-turn.
STOP: 13687.50
LIMIT: 14294.25
As long as the market stays in the buy zone. It
will be a good idea to turn to the five minute
time frame and to look for tunnel trader long /
destination trader long opportunities. If a person
wants to lower their draw down, it is a good idea
to wait for the one hour time frame to give a
low price in the buy zone before looking to
buy off the five minute time frame.
The market is making higher highs and higher
lows. The market is in the buy zone and has an
up Fibonacci with an extension price point
14924.25 about +805 ticks above the market.
The market just hit the old Fibonacci extension
and I am expecting the market to pull back bearish
to a low price near a known level of U-turn.
Entry: Counter trend line break bullish in the
buy zone near a known level of U-turn.
STOP: 13687.50
LIMIT: 14294.25
As long as the market stays in the buy zone. It
will be a good idea to turn to the five minute
time frame and to look for tunnel trader long /
destination trader long opportunities. If a person
wants to lower their draw down, it is a good idea
to wait for the one hour time frame to give a
low price in the buy zone before looking to
buy off the five minute time frame.
